인도의 건설장비 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

The Indian construction equipment market size is expected to grow from USD 8.55 billion in 2025 to USD 9.24 billion in 2026 and is forecast to reach USD 13.61 billion by 2031 at 8.05% CAGR over 2026-2031.

Growth is underpinned by the National Infrastructure Pipeline, a USD 1.4 trillion program accelerating orders for earthmoving, road-building, and material-handling machinery. Stricter CEV Stage V emission norms in 2025 catalyze investment in cleaner drive systems while localization programs shorten supply chains and temper import costs. Regional demand is shifting as the government channels funds toward the North-East, mining reforms open high-horsepower equipment opportunities, and rental platforms broaden access for small contractors.

India Construction Equipment Market Trends and Insights

Government-led Mega Infrastructure Projects

The National Infrastructure Pipeline spans 9,742 projects worth USD 3.08 trillion across transport, energy and urban sectors. Equipment sales jumped 26% in FY 2023-24 on the back of this pipeline, led by earthmoving machines and road finishers. Flagship corridors such as the Delhi-Mumbai Industrial Corridor and Bharatmala Phase I alone account for USD 172 billion of spending and drive sustained demand for excavators, backhoe loaders and compactors.

Rapid Urbanization in Tier II & III Cities

Middle-class migration to cities such as Lucknow, Jaipur, and Coimbatore is pushing high-rise residential starts 35% higher than 2023 levels. These constrained sites favor compact excavators, truck-mounted cranes, and telehandlers that maneuver in tight spaces. Equipment makers offering smaller footprints and telematics-enabled safety features are capturing share in this urban infill wave.

Volatile Steel Prices

Steel price volatility has emerged as a critical constraint on market growth, with raw material costs accounting for 60-65% of construction equipment manufacturing expenses. Price fluctuations of 15-20% within short timeframes have disrupted production planning and eroded profit margins for OEMs, particularly domestic manufacturers with limited hedging capabilities. These cost pressures are increasingly being passed on to end-users, with equipment prices rising by 8-12% in 2024 compared to the previous year.The situation is further complicated by the implementation of CEV Stage V emission norms, which is expected to add another 12-15% to equipment costs[4].

Other drivers and restraints analyzed in the detailed report include:

1. Mining Sector Reforms
2. Fast-Track Road Corridor Execution
3. Persistent Land Acquisition Delays

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Earthmoving machinery generated 56.62% of 2025 unit sales. Backhoe loaders alone secured more than half of that volume, a testament to their versatility in excavation, trenching, and minor lifting tasks. Road-building equipment, logged the sharpest 40% annual growth as highway and corridor projects accelerated. However, road construction machinery is projected to expand at a 10.05% CAGR through 2031.

Earthmoving remains the anchor of the Indian construction equipment market thanks to cross-sector utility in infrastructure, mining, and real estate. Meanwhile, material-handling units sales surge as logistics parks and port modernization absorbed wheel loaders, forklifts, and reach stackers. Telematics adoption is rising swiftly, turning formerly "dumb iron" into connected assets that cut idle time and fuel burn.

Diesel-hydraulic rigs controlled 94.72% of deliveries in 2025, supported by mast-ready fuel infrastructure and proven ruggedness. Yet the electric/hybrid cohort, though only 5.28% of shipments, is scaling at a 15.68% CAGR as OEMs unveil Stage V-compliant loaders, compactors, and mini excavators.

Battery density gains, modular charging containers at project sites, and tightening emission norms are tilting buyer economics in favor of zero-tailpipe machines. Early adopters in metro rail and airport builds cite lower lifetime operating costs and easier compliance for urban projects with strict noise and emission caps. The Indian construction equipment market size for electric models is projected to triple by 2031.

India Construction Equipment Market is Segmented by Equipment Type (Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, Concrete Equipment, and Material Processing and Crushing Equipment), by Drive Type (Conventional Hydraulic / Diesel, and More), by End-User Industry, by Power Output Rating, by Ownership Model, and Region. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

List of Companies Covered in this Report:

1. JCB India Ltd.
2. Tata Hitachi Construction Machinery Co. Pvt. Ltd.
3. Caterpillar Inc.
4. Komatsu India Pvt. Ltd.
5. Volvo Construction Equipment India
6. Larsen & Toubro Construction & Mining Equipment
7. SANY Heavy Industry India
8. XCMG Construction Machinery Co. Ltd.
9. Hyundai Construction Equipment India
10. BEML Ltd.
11. Action Construction Equipment Ltd.
12. Kobelco Construction Equipment India
13. CNH Industrial (CASE Construction)
14. Doosan Bobcat India
15. Zoomlion Heavy Industry Science & Technology
16. LiuGong India
17. Mahindra Construction Equipment
18. Wirtgen India (John Deere)
19. Schwing Stetter India
20. Putzmeister India

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Government-led Mega Infrastructure Projects Under National Infrastructure Pipeline (NIP) Stimulating Equipment Demand
  • 4.2.2 Rapid Urbanization Propelling High-rise Residential Construction in Tier II & III Cities
  • 4.2.3 Acceleration of Mining Sector Reforms Increasing Demand for High-Capacity Excavators
  • 4.2.4 Fast-Track Execution of Bharatmala & Gati Shakti Corridor Programs Boosting Road Equipment Orders
  • 4.2.5 Proliferation of Equipment Rental Platforms Expanding Access for SME Contractors
  • 4.2.6 OEM Investment in Localized Manufacturing & CKD Assembly Lowering Lead Times & Costs
• 4.3 Market Restraints
  • 4.3.1 Volatile Steel Prices Inflating OEM Production Costs & Customer Capex Budgets
  • 4.3.2 Persistent Delays in Land Acquisition Slowing Equipment Utilization Rates on Projects
  • 4.3.3 Limited Charging Infrastructure Hindering Adoption of Electric & Hybrid Machines
  • 4.3.4 Regulatory Uncertainty Around Upcoming CEV Stage V Emission Norms Adding Compliance Burden
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Outlook
• 4.6 Technological Outlook (Telematics, Autonomous Operation, Electrification)
• 4.7 Porter's Five Forces
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts (Value, USD Billion)

• 5.1 By Equipment Type
  • 5.1.1 Earthmoving Equipment
    • 5.1.1.1 Excavator
    • 5.1.1.2 Backhoe Loader
    • 5.1.1.3 Wheeled Loader
    • 5.1.1.4 Bulldozer
    • 5.1.1.5 Motor Grader
    • 5.1.1.6 Compaction Roller
  • 5.1.2 Road Construction Equipment
    • 5.1.2.1 Asphalt Paver & Finishers
    • 5.1.2.2 Cold Planers & Milling Machines
  • 5.1.3 Material Handling Equipment
    • 5.1.3.1 Mobile Cranes
    • 5.1.3.2 Forklift & Telehandler
    • 5.1.3.3 Aerial Work Platforms
  • 5.1.4 Concrete Equipment
    • 5.1.4.1 Transit Mixer
    • 5.1.4.2 Concrete Pump
    • 5.1.4.3 Batching Plant
  • 5.1.5 Material Processing & Crushing Equipment
    • 5.1.5.1 Jaw & Cone Crushers
    • 5.1.5.2 Screening Plants
    • 5.1.5.3 Pile-Driving & Drilling Rigs
• 5.2 By Drive Type
  • 5.2.1 Conventional Hydraulic / Diesel
  • 5.2.2 Electric / Hybrid
• 5.3 By End-User Industry
  • 5.3.1 Infrastructure (Roads, Rail, Airports, Ports)
  • 5.3.2 Real Estate (Residential, Commercial)
  • 5.3.3 Mining & Quarrying
  • 5.3.4 Industrial & Energy
• 5.4 By Power Output Rating
  • 5.4.1 less than 100 HP
  • 5.4.2 101- 200 HP
  • 5.4.3 201- 400 HP
  • 5.4.4 greater than 400 HP
• 5.5 By Ownership Model
  • 5.5.1 Rental Fleet
  • 5.5.2 Contractor-Owned
• 5.6 By Region
  • 5.6.1 North India
  • 5.6.2 South India
  • 5.6.3 West India
  • 5.6.4 East India
  • 5.6.5 Central India
  • 5.6.6 North-East India

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, JV, Localization, Product Launches)
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
  • 6.4.1 JCB India Ltd.
  • 6.4.2 Tata Hitachi Construction Machinery Co. Pvt. Ltd.
  • 6.4.3 Caterpillar Inc.
  • 6.4.4 Komatsu India Pvt. Ltd.
  • 6.4.5 Volvo Construction Equipment India
  • 6.4.6 Larsen & Toubro Construction & Mining Equipment
  • 6.4.7 SANY Heavy Industry India
  • 6.4.8 XCMG Construction Machinery Co. Ltd.
  • 6.4.9 Hyundai Construction Equipment India
  • 6.4.10 BEML Ltd.
  • 6.4.11 Action Construction Equipment Ltd.
  • 6.4.12 Kobelco Construction Equipment India
  • 6.4.13 CNH Industrial (CASE Construction)
  • 6.4.14 Doosan Bobcat India
  • 6.4.15 Zoomlion Heavy Industry Science & Technology
  • 6.4.16 LiuGong India
  • 6.4.17 Mahindra Construction Equipment
  • 6.4.18 Wirtgen India (John Deere)
  • 6.4.19 Schwing Stetter India
  • 6.4.20 Putzmeister India

7 Market Opportunities & Future Outlook

• 7.1 White-Space & Unmet-Need Assessment